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Author: Daniel F. Garrett
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Daniel F. Garrett
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Mark Bagnoli
Publisher:
ISBN:
Category : Industrial organization (Economic theory)
Languages : en
Pages : 0
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Book Description
Author: D. Fudenberg
Publisher: Taylor & Francis
ISBN: 1136456120
Category : Business & Economics
Languages : en
Pages : 104
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Book Description
Fudenberg and Tirole use the game-theoretic issues of information, commitment and timing to provide a realistic approach to oligopoly.
Author: Andreas Wellmann
Publisher: GRIN Verlag
ISBN: 3638255948
Category : Business & Economics
Languages : en
Pages : 17
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Book Description
Essay from the year 2004 in the subject Economics - Micro-economics, grade: 72%, University of Bradford (-), course: Micro-Economics, language: English, abstract: The phrase oligopoly is derived from the Greek language and means “few sellers”. Sloman & Sutcliffe (2001) defines an oligopoly as a type of imperfect market in which a ‘few firms between them share a large proportion of the industry.’ (p.236). Thus, industries like oligopolies are dominated by a small number of manufacturers that may produce either differentiated or nearly identical products. It is necessary to distinguish between two types of oligopoly structures. Therefore Harrison, Smith & Davies (1992) suggests the distinction between perfect oligopoly and imperfect oligopoly. Perfect oligopolies feature market players that produce nearly identical products such as sugar or CD’s whereas imperfect oligopolies distinguish themselves by differentiated products like cars or airplanes. [...]
Author: William J. Baumol
Publisher: Houghton Mifflin Harcourt P
ISBN:
Category : Business & Economics
Languages : en
Pages : 578
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Author: M. Nermuth
Publisher: Springer Science & Business Media
ISBN: 3642464475
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
This book is intended as a contribution to the theory of markets with imperfect information. The subject being nearly limitless, only certain selected topics are discussed. These are outlined in the Introduction (Ch. 0). The remainder of the book is divided into three parts. All results of economic significance are contained in Parts II & III. Part I introduces the main tools for the analysis, in particular the concept of an information structure. Although most of the material presented in Part I is not original, it is hoped that the detailed and self-contained exposition will help the reader to understand not only the following pages, but also the existing technical and variegated literature on markets with imperfect information. The mathematical prerequisites needed, but not explained in the text rarely go beyond elementary calculus and probability theory. Whenever more advanced concepts are used, I have made an effort to give an intuitive explanation as well, so that the argument can also be followed on a non-technical level (cf. e.g. the treatment of the "generic" viewpoint in Ch. 9). In the same spirit, discussion of mathematical assumptions is limited to those which have economic sig- ficance, whereas purely "technical" assumptions (like differentiability or integrability of certain functions) are usually made without comment whenever convenient. The logical interdependence of chapters is as follows: Ch. 3 . Ch. 1 /~I--=---- Ch. 4 Ch. 2 Ch. 8 ~I -=--- /"'-.... Ch.
Author: Gert Janssens
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Author: International Economic Association
Publisher: MIT Press
ISBN: 9780262690935
Category : Business & Economics
Languages : en
Pages : 588
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Book Description
These contributions discuss a number of important developments over the past decade in a newly established and important field of economics that have led to notable changes in views on governmental competition policies. They focus on the nature and role of competition and other determinants of market structures, such as numbers of firms and barriers to entry; other factors which determine the effective degree of competition in the market; the influence of major firms (especially when these pursue objectives other than profit maximization); and decentralization and coordination under control relationships other than markets and hierarchies.ContributorsJoseph E. Stiglitz, G. C. Archibald, B. C. Eaton, R. G. Lipsey, David Enaoua, Paul Geroski, Alexis Jacquemin, Richard J. Gilbert, Reinhard Selten, Oliver E. Williamson, Jerry R. Green, G. Frank Mathewson, R. A. Winter, C. d'Aspremont, J. Jaskold Gabszewicz, Steven Salop, Branko Horvat, Z. Roman, W. J. Baumol, J. C. Panzar, R. D. Willig, Richard Schmalensee, Richard Nelson, Michael Scence, and Partha Dasgupta
Author: Junhao Zhang
Publisher:
ISBN:
Category : Oligopolies
Languages : en
Pages : 120
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Author: Luis C. Corchon
Publisher: Springer Science & Business Media
ISBN: 3662044986
Category : Business & Economics
Languages : en
Pages : 186
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Book Description
The ambition of the theory of imperfectly competitive markets is to explain the working of markets in which the issue of strategic interaction among firms is central. Our analysis of this problem will be based on equilibrium concepts borrowed from Game Theory. This research program arises several questions on its feasibility like the empirical relevance of the results, the substantial theoretical insights obtained in this way, etc. Unfortunately, most of these questions can not be answered in the short run. This book is written in the hope that this research strategy is meaningful, but about its final success no body can tell. Another important question is if simpler models could deliver the essential insights offered by the theory of imperfectly competitive mar kets. This Introduction will be devoted to argue that, currently, there is no alternative to the approach presented in this book. Consider the following fact: A square inch of soil in the Explanada of Ali cante (located in front of the sea, right in the middle of downtown) cost several times more than a square inch of soil in San Vicente del Raspeig (located sev eral miles toward the interior of the peninsula). l How can we explain such a thing? First notice that because of the large quantity of possible traders involved in this market, we can safely assume that any agent has to accept the market price, i. e. is a price-taker.
